ALX Oncology (ALXO) awards 700,000 stock options to its Chief Medical Officer
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
ALX Oncology Holdings Inc reported that Chief Medical Officer Barbara Klencke received a grant of stock options representing 700,000 shares of the company’s stock. This is recorded as a derivative security transaction categorized as a grant, award, or other acquisition.
According to the vesting terms, one-fourth of the shares subject to the option vest on February 25, 2027, and the remaining portion vests in equal monthly installments of 1/48th thereafter. Following this grant, she is shown as holding 700,000 stock options directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Klencke Barbara
Role
Chief Medical Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Stock option (right to buy) | 700,000 | $0.00 | -- |
Holdings After Transaction:
Stock option (right to buy) — 700,000 shares (Direct)
Footnotes (1)
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FAQ
What insider transaction did ALX Oncology (ALXO) report for Barbara Klencke?
ALX Oncology reported that Chief Medical Officer Barbara Klencke received a grant of stock options for 700,000 shares. The transaction is classified as a derivative security acquisition categorized as a grant, award, or other acquisition, and is held as a direct ownership position.
How many stock options were granted to the ALX Oncology (ALXO) Chief Medical Officer?
Barbara Klencke, Chief Medical Officer of ALX Oncology, was granted stock options covering 700,000 shares. This entire amount is reported as directly owned following the transaction, reflecting a single option grant recorded on the reported transaction date in the Form 4 filing.
What is the vesting schedule for Barbara Klencke’s ALX Oncology (ALXO) stock options?
One-fourth of the shares subject to the option vest on February 25, 2027. The remaining shares then vest in equal monthly installments of 1/48th thereafter, creating a gradual vesting schedule over time as disclosed in the accompanying footnote.
How is the ALX Oncology (ALXO) option grant to Barbara Klencke classified?
The option grant to Barbara Klencke is classified as a derivative security transaction with code “A.” It is described as a grant, award, or other acquisition, reflecting an award of stock options rather than an open-market purchase or sale of existing common shares.
What ownership type is reported for Barbara Klencke’s ALX Oncology (ALXO) stock options?
The 700,000 stock options granted to Barbara Klencke are reported as directly owned. The filing lists the ownership code as “D,” indicating direct ownership, with total derivative securities following the transaction equal to the full granted amount.